POSaBIT Systems (POSaBIT Systems) Total Inventories : $1.00 Mil (As of Sep. 2023)

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What is POSaBIT Systems Total Inventories?

POSaBIT Systems's total inventories for the quarter that ended in Sep. 2023 was $1.00 Mil. POSaBIT Systems's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $0.93 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. POSaBIT Systems's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. POSaBIT Systems's Days Inventory for the three months ended in Sep. 2023 was 8.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. POSaBIT Systems's Inventory Turnover for the quarter that ended in Sep. 2023 was 11.23.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. POSaBIT Systems's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.07.

POSaBIT Systems Total Inventories Historical Data

The historical data trend for POSaBIT Systems's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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POSaBIT Systems Total Inventories Chart

POSaBIT Systems Annual Data

Trend

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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0.04

0.08

0.68

0.46

POSaBIT Systems Quarterly Data
	Oct18	Jan19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															0.58	0.46	0.56	0.86	1.00

POSaBIT Systems Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

POSaBIT Systems (OTCPK:POSAF) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

POSaBIT Systems's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3.184	+	0.75 * 1.65	+	0.5 * 0.997	-	13.339
-	0	-	0)	/	150.024
=	-0.06

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

POSaBIT Systems's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.9265	/	10.4	*	365 / 4
	=	8.13

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

POSaBIT Systems's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	10.4	/	0.9265
	=	11.23

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

POSaBIT Systems's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.9265	/	13.586
	=	0.07

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

POSaBIT Systems Total Inventories Related Terms

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POSaBIT Systems (POSaBIT Systems) Business Description

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PBIT:Canada

Address

11915 124th Ave NE, Kirkland, WA, USA, 98034

Website

https://www.posabit.com

POSaBIT Systems Corp is a financial technology company. The company involves the point-of-sale arrangements designed to offer consumers an easy way to purchase goods and services. The company offers Payment Services and Point-of-Sale (POS) Services. The majority of its revenue comes from Payment Services, which generates revenues via setup costs, hardware costs, transaction fees, and convenience fees. Its geographical segments are Canada and the United States, of which all of its revenues come from the United States.